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The Australian Competition and Consumer Commission (ACCC) has published its final report following a year-long inquiry into the countrys supermarket sector. The report includes 20 recommendations to increase competition and price transparency for consumers and suppliers.
Woolworths and Coles, Australias supermarket goliaths, have gone from Covid-19 heroes to cost-of-living villains in the last two years. The timing of the inquiries for the supermarket sector was also not ideal with changes of leadership at Woolworths, Coles, Metcash, Costco and Aldi. billion, but booked provisions worth $1.6
along with C&S Wholesale Grocers , has acquired Southeastern Grocers and its Winn-Dixie and Harveys Supermarket banners. This consortium continues C&S and SEGs longstanding partnership, added Eric Winn, CEO of C&S Wholesale Grocers in a statement. Financial terms of the current deal were not disclosed.
Save A Lot has relicensed its 18 remaining corporate-owned supermarkets, completing its strategy of shifting ownership and operations of all locations to independent licensed ownership. The time was right for us to step fully into our role as a licensed wholesaler and put all operations in the hands of our dedicated retailers.”
BJ’s Wholesale Club has entered a partnership with Simbe to roll out the solution provider’s automated business intelligence robot, Tally, to all 237 stores. The retailer plans to utilize the AI-powered solution to provide greater visibility into club conditions and drive deeper business insights.
C&S Wholesale Grocers LLC (Keene, N.H.) said it plans to acquire SpartanNash Co. Then, in February, C&S emerged as one of the investors that bought roughly 170 Winn-Dixie and Harveys Supermarket stores as part of a deal to acquire Southeastern Grocers from Aldi. Grand Rapids, Mich.) for $26.90
The rebranding is part of a $370 million, three-year transformation plan for the company which will see older stores revamped and an upgraded customer loyalty program. The post Woolworths plans $370 million rebrand, upgrade of its NZ store network appeared first on Inside Retail.
CP Axtra, the awkwardly-named parent company of Thailands familiar Makro and Lotuss stores and the countrys largest wholesale-retail conglomerate, reported a strong set of results for the fourth quarter of 2024 and for the whole year. Wholesale sales under Makros four different banners grew by 4.7 billion Thai baht (US$4.0
The company operates a portfolio of 85 department stores, 87 home improvement superstores, 695 supermarkets, 41 hypermarkets, 13 wholesale warehouses and a slew of specialty retail brands across multiple categories, totalling 3844 sales locations in all. hypermarkets and three more Mini Go!
A Denver District Court judge has stopped the Kroger-Albertsons merger in its tracks, cancelling a planned Aug. I am pleased that Kroger and Albertsons agreed to halt their plans to merge until the court rules on the state’s lawsuit to permanently block the grocery merger,” said Phil Weiser, Attorney General of Colorado in a statement.
The planned $24.6 billion merger of supermarket giants Kroger and Albertsons has faced pushback from federal regulators, state Attorneys General and labor unions practically from the moment it was first announced in October 2022. Top execs from both companies defended the merger in testimony to a U.S.
billion merger, Kroger and Albertsons have increased the number of supermarkets they plan to divest by 166 , for a total of 579 stores. The updated plan also seeks to address unions’ concerns about the merger’s impact, including the United Food and Commercial Workers International Union, which voted to oppose the merger in May 2023.
billion Kroger acquisition of Albertsons , calling the deal — the largest supermarket merger in U.S. This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over the past few years,” said Henry Liu, Director of the Bureau of Competition at the FTC in a statement.
The winter World Cup has added a new level of uncertainty to the Christmas trading outlook of Britain’s supermarkets: How do you persuade cash-strapped shoppers to buy yule logs and luxury biscuits at the same time as beer and pizza? Running between Nov. 20 and Dec. This will be separate to the dedicated space for Christmas products.
The German grocery giant will be able to go ahead with its plans to launch the pub inside its Dundonald store, based near Belfast, after a judge dismissed an appeal raised by another trader. Lidl has been granted permission by a High Court to open its very first pub in Northern Ireland.
Thai retail conglomerate Central Retail (CRC for short) has launched full-on into the wholesale business under the name Go Wholesale, and is planning to give CP Axtra — parent company of retailer Lotus’s and wholesaler Makro — a run for its money. Average store size is a little over 5,300 square meters.
Like many retailers dealing with slow (or nonexistent) store traffic during the COVID-19 pandemic, tea retailer DAVIDsTEA is shifting its focus to e-Commerce and wholesale operations. DAVIDsTEA plans to apply for similar orders for its wholly owned U.S. As part of bankruptcy filings in Canada and the U.S., Bankruptcy Code.
An exclusively online supermarket is rolling out across metro Sydney and Melbourne this month to capitalise on the demand for quick and convenient grocery delivery. It is also planning to work closely with local vendors and provodores to access fresh produce. 15-minute delivery . 15-minute delivery .
This landbank should be sufficient to serve the company’s development plans for five to seven years. Food sales are done under five different formats: Savemore, SM Supermarket, SM Hypermarket, Waltermart and Alphamart. In all the company runs 30 brands, and conveniently they rent space in SM Prime’s malls.
Steven Cain, CEO at Coles, said the deal will allow the company to focus on its growing omnichannel supermarket and liquor business. “This agreement is positive not only for Coles and Viva Energy, but also for our customers, team members and respective shareholders. Viva will continue to stock Coles’ own-brand products. .
The supermarket giant has poached Lidl’s chief operating officer Matt Heslop as its new director of convenience and wholesale. Lebon brings over 39 years of experience in supermarket retailing, having most recently served as executive director of supermarkets and hypermarkets at Carrefour.
During its most recent update, the UK’s biggest supermarket, said it was considering replacing its barcodes with QR codes, said it had pulled in its highest market share in nearly nine years, hitting 29% of the industry’s sales. Tesco’s UK and Ireland like for like revenues, excluding fuel and VAT, rose 3.7%
International strong as membership income soars Walmart International, which includes non-US Sam’s Club wholesale stores, accounted for$29.8 A problem affecting all retailers importing from China, and Walmart in particular, because of its huge volumes, is in inventory planning. For Sam’s Club in the US, net sales were up 2.9
An e-commerce platform that plans to help convenience stores by-pass wholesalers and buy direct from manufacturers is to launch by the end of this year. Subscribbe, which is intended to help convenience stores compete on price with the big supermarkets, is aiming to create a “corner shop conglomerate”.
SF: I would absolutely love to expand interstate, but it’s a really big move that requires a lot of planning. Within one week, we developed a wholesale range, which we photographed and took out to specialty delis and independent supermarkets. IR : Is the wholesale side of the business still going? SF: No, it’s not.
Nielsen Consumer Insights reported a 37 per cent increase in supermarket coffee sales – with more premium options seeing sales growth of over 40 per cent. During the height of the pandemic, coffee consumption changed radically. Customers stopped buying from baristas and started brewing their own.
Costco Wholesale Corporation, the world’s third-largest retailer after Walmart and Amazon, has a wacky fiscal year that is out of sync with most retailers: Its FY23 ended 3 September and its annual report was released on 11 October. In Asia, member-based companies have in the past focused heavily or exclusively on wholesale customers.
Morrisons has launched an app to allow its wholesale and franchise partners to refresh its supplies in its supermarkets. The development means wholesale customers can be invoiced on their existing agreed terms instead of buying at the in-store prices and an electronic delivery note is sent via email and to their store’s EPoS systems.
The ACCC will not oppose Woolworths Group’s plan to acquire food distributor PFD Food Services following a detailed investigation. And] while there were concerns expressed by some suppliers, many suppliers did not raise competition concerns.”.
This year, Central plans to open four new home-improvement stores, 10 supermarkets/food halls and four Go Wholesale warehouses in Thailand, plus two Go! This year, Central plans to open four new home-improvement stores, 10 supermarkets/food halls and four Go Wholesale warehouses in Thailand, plus two Go!
The grocers were questioned by MPs at the Business and Trade Committee on why prices continued to rise despite wholesale costs starting to fall. Executives from Asda, Morrisons, Sainsbury’s and Tesco told MPs on Tuesday that they were shielding customers from the full impact of rising costs.
The supermarket will use the proceeds of the sale to “fund further investment in the grocery and food making businesses, as well as significantly strengthening the business’s capital structure” The grocer is expected to use some of the funds to pay down part of its £5.17bn debt pile.
In a preliminary report released last July, it flagged a raft of options for improving competition including making it easier for new competitors to enter the market, and adjusting planning laws to reduce restrictions on the use of sites using development covenants.
The OTR deal is yet to gain regulatory approvals but Viva Energy plans to rebrand Coles Express to OTR and establish the headquarters for the merged businesses in Adelaide. RG Withers was one of four grocery wholesalers supplying independent supermarkets when the first 7-Eleven in Australia opened in Oakleigh, Victoria in 1977.
The supermarket saw like-for-like sales, excluding fuel, soar 4.6% Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Morrisons CEO Rami Baitiéh said: “In January I outlined our plan to reinvigorate, refresh and strengthen Morrisons as we started our next chapter.
Hello Drinks founder JP Tucker said it is a first in the Australian liquor industry and is a win for both customers and wholesalers. But with third-party logistics (3PL) impacting its bottom line, Tucker looked at how he could work with wholesalers to eliminate these costs. We had around 200 truck deliveries from wholesalers last year.
Despite a burgeoning petcare aisle at its supermarkets, Woolworths Group is hoping to carve out a greater slice of the $2.9 While the business is predominantly wholesale, Fuzzyard is eager to grow the online business and connect more directly with consumers. “We’ve
With the supermarket trade carved up between them, the two big chains are in a cosy position and there are significant barriers to potential rivals establishing a presence,” said CEO Jon Duffy. “The Make land more available through changes to planning laws and restrictions on the use of covenants. “If
Morrisons has unveiled a host of management changes as CEO Rami Baitiéh begins shaping up his senior team for the supermarket’s next chapter. ” Morrisons said its senior team changes reflect some of its key areas of focus, as it plans to “refresh and re-invigorate” the business.
They have a retail-wholesale philosophy — they have their own stores, they’re in large department stores [through concessions] and they hold licences for a bunch of very well loved and established brands. IR: What about that mix of own stores, concessions, wholesale and licencing appeals to you as a retail business model?
This week marks a year since Morrisons boss Rami Baitiéh took the reins of the supermarket and many changes have been made. However, in late September, the retailer revealed it would wipe £331m off that bill after it sold the ground leases on 76 of its supermarkets to investor Song Capital.
Moreover, the business model is based on wholesaling, supplying and supporting franchisees and independent retailers, some of whom may well shift to other wholesalers and pharmacy retail brands if the Wesfarmers takeover succeeds. cash bid through a scheme of arrangement, valuing the Sydney-based wholesaler at $687 million.
The events of the past year have sparked a permanent redrawing of the retail landscape, with online grocery sales soaring 91% year-on-year in a four-week period alone in 2020 and over 17 million Brits planning to stick to online shopping even as lockdown eases. In some cases, this will involve fast-tracking existing digital plans.
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